BMW Pulling Back From i8 and i3 EVs?

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Automobile magazine reports that BMW is backing away from its ambitious plan to reinvent the car with its electrically propelled i series. So far the i5 van and i1 city car projects have been shelved, and it’s possible that the high profile i3 sedan and i8 sports car projects, originally predicted by BMW to sell 100,000 and 10,000 units annually each, may be killed in favor of a more consumer friendly plug in hybrid. The cause of BMW’s reticence after committing big money (some say billions) to the project is that consumers are not embracing EVs and hybrids (less than 3% of the market) and also because governments are pulling back on subsidies for EVs. They also cite a lack of charging infrastructure.

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